Economists Are Uncertain More Fed Moves Will Work

By

Phil Izzo

Updated Sept. 13, 2012 2:16 p.m. ET

Economists are skeptical about the economic benefits of another round of bond buying by the Federal Reserve, though most expect the central bank to embark on that course when its latest policy meeting concludes Thursday, according to The Wall Street Journal's latest forecasting survey.

Thirty-four of 47 respondents to the survey said they expected the Fed to announce another round of large-scale asset purchases, known as...